Dollar General Forecast Shows Just How Much Shoppers Are Hurting
In case there was any doubt, the lower-income US consumer is in full retreat.
Bloomberg Business
Elon Musk’s SpaceX Wins Pentagon Deal for Starlink in Ukraine
The Pentagon is buying Starlink satellite communications terminals and services from billionaire Elon Musk’s SpaceX for use by the Ukraine military, the Defense Department said.
JPMorgan Will Close 21 First Republic Branches by End of Year
JPMorgan Chase & Co. plans to close 21 First Republic Bank branches by the end of the year, representing about a fourth of the locations the Wall Street giant acquired in its takeover of the failed California lender.
Teck Struggles to Secure Top Shareholder’s Support on Coal Split
Teck Resources Ltd. is struggling to secure the support of top shareholder China Investment Corp., as the Canadian miner studies options to exit its coal business while fending off a takeover bid from Glencore Plc.
Capital One Buys Concierge App Offering Dolomite Skiing, Sperm Whale Swimming
Capital One Financial Corp. agreed to buy the digital concierge service Velocity Black as it pushes deeper into premium credit cards and other luxury markets dominated by American Express Co. and JPMorgan Chase & Co.
Sotheby’s Will Buy Whitney Museum’s Breuer Building for About $100 Million
The modernist landmark will be an auction house starting in 2025.
Cholera-Hit South Africa Capital Scrambles to Improve Water
The City of Tshwane, which includes the South African capital Pretoria, and the national government said they’ll put in place remedial measures to improve the quality of drinking water after a cholera outbreak killed 23 people.
A Veteran Hedge Fund Manager Warns on ‘Insane’ Startup Costs
With a spate of hedge fund managers set to launch multibillion-dollar funds this year, a veteran hedge fund manager warns that surging costs could doom them to fail.
Stellantis CEO Picks Fight With France on Production of EV
Stellantis NV chief executive officer added fuel to a growing tug of war with France over where the carmaker will expand output of the EV sibling to the best-selling Peugeot 208.
New Alzheimer’s Drugs Will Be Covered by Medicare if FDA Fully Approves Them
New Alzheimer’s drugs like Eisai Co.’s Leqembi will be covered by the US Medicare program as soon as they receive full regulatory approval, government health officials said.
